Wednesday, September 23, 2020

Q: What’s the Latest News From Our Market?


Fear not—our Jonesboro market is humming along nicely.

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What’s happening with the economy and our real estate market? If you pay attention to my social media posts, you know that the market is blowing up. Interest rates are so low that we’re seeing people lock in a 2.5% rate for a 30-year mortgage. Ordinarily, you’d only ever expect to see that low of a rate for a 15-year loan, and even then it still isn’t a guarantee. Here in Jonesboro, we’re still talking to buyers, showing homes, and negotiating offers every day, so things haven’t slowed down for us at all. The news outside of Northeast Arkansas may not sound promising, but our area is moving right long. Lenders are still lending money at ridiculous rates and jobs are still plentiful.
"Inventory is low and buyers are out there looking. "

If you’re thinking of selling your home and would like to know its value, reach out to us. Its value is probably different now than it was just a few months ago, and this current moment may be the time to sell for top dollar; inventory is low and buyers are out there looking. Whether you’re buying, selling, or would just like to know more about what’s happening in our Jonesboro market, feel free to call or email me. I’m happy to help.